Audit riskForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Audit riskThis topic has 1 reply, 2 voices, and was last updated 6 years ago by Ken Garrett.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts September 25, 2017 at 11:06 am #408587 Anuja NairMemberTopics: 365Replies: 353☆☆☆☆Hi sir for march/june 2017 exam question 16(b), the audit risk regarding the upgrading of the website .My answer varies.If this expenditure is of capital nature it should be capitalised as part of PPE, as per IAS 16.If it relates more to repairs, it should be expensed to the income statement.Is this acceptable ?This expenditure relates to non-current asset right not intangible asset right sir ? September 25, 2017 at 3:11 pm #408599 Ken GarrettKeymasterTopics: 10Replies: 10424☆☆☆☆☆Your answer will often vary from the model answer an usually yours will be acceptable too.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘Audit risk’ is closed to new replies.